Once one is able to get his or her spending in check, the studious use of a credit card can be very beneficial. After all, it has been said that while the lower and middle classes work for their money, the rich get their money to work for them. While this statement is generally used to encourage people to invest, the careful use of a rewards credit is another way to get your money to work for you.
As far as rewards credit cards go, the Discover More card is a good option. You can get 5% back on specific categories of purchases (after you sign up for that feature). You automatically get 0.25% on the first $3,000 worth of purchases in a year, and if you spend more than that, the percentage automatically bumps up to 1%. So long as you pay off your balance prior to the due date each month, Discover is basically paying you to take a short term loan from them.
Another positive item about this card is that there is no annual fee for its use. However, all purchases are charged between 11.99% and 20.99% if payment is not received by the due date. The Discover More credit card is also offering a 0% introductory APR for the first six months of your account's life.
One other cool item about the card is that it is allegedly biodegradable. The Discover website claims that the card will biodegrade in five years in normal landfill conditions (though I would be interested in how long it takes other credit cards to biodegrade as a comparison).
Bottom line: the Discover More credit card offers a good cash back rewards program with no annual fee, and it provides an interest rate that is competitive. If you are in the market for a rewards credit card, this is not a bad choice.
(Disclaimer: this article was posted as of the date of the post, and the terms for the Discover More card were current as of that date. Please make sure to check the terms if you sign up to ensure that they are still comparable.)